Investors pulled $484 million from Bitcoin spot ETFs on June 1, extending a sell-off streak amid broader crypto market weakness.
Bitcoin spot ETFs recorded a net outflow of $484 million on June 1, marking the 11th consecutive day of withdrawals. The outflows reflect persistent selling pressure in the crypto market as investors reassess risk amid macroeconomic uncertainty.
Ethereum spot ETFs also saw net outflows of $44.4389 million, extending their losing streak to 15 days. The back-to-back outflows highlight a broader retreat from digital asset funds, following weeks of subdued trading volumes and price declines.
The trend underscores cautious sentiment among institutional and retail investors, with no immediate signs of a reversal in fund flows.